According to @CryptoMichNL, there is a strong confluence between the Chinese yuan and the ETH/BTC pair, with both bottoming in April 2025 and similarly in the same week during 2016 and 2019 (source: @CryptoMichNL, X, Dec 20, 2025). According to @CryptoMichNL, ETH showed notable strength after the April low but has seen a recent correction, while the Chinese currency continued to trend higher (source: @CryptoMichNL, X, Dec 20, 2025). According to @CryptoMichNL, the correlation is not always one-to-one, but his chart implies the path ahead for ETH/BTC is upward from here (source: @CryptoMichNL, X, Dec 20, 2025).